Mr. Bradley Moore reports

FUNDAMENTAL APPLICATIONS CORP. CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT AND DEBT SETTLEMENT

Fundamental Applications Corp. has closed the second and final tranche of a non-brokered private placement and issued shares in settlement of debt.

Pursuant to the non-brokered private placement offering, the company has issued 623,727 units at a price of 11 cents per unit for gross proceeds of $68,610. Each unit consists of one common share and one-half of a common share purchase warrant, whereby each full warrant entitles the holder to purchase one additional common share of the company for a period of two years from closing at an exercise price of 30 cents per share. Proceeds from the private placement will be used for general working capital and corporate purposes.

In addition, the company announces it has settled debt in an aggregate amount of $100,000 in exchange for the issuance of 909,090 shares to several creditors, both of which are related parties. The debt settlement is based on a deemed price of 11 cents per share. No warrants were issued in connection with the debt settlement.

The company determined it was best to reduce its debt at this time by the issuance of shares in order to preserve its cash for operations and is relying on exemptions from the prospectus requirements and applicable securities laws to issue the shares.

All securities issued in connection with the private placement offering and debt settlement are subject to a hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

About Fundamental

Fundamental Applications designs, develops, markets and acquires innovative mobile applications targeted at the millennial generation, people born in an age of digital technology, Internet access and smart phones. This demographic is an early adopter of mobile technology, has significant discretionary income and is lifestyle driven with a willingness to try new things. Fundamental's three leading mobile platforms are Foro, a peer-to-peer mobile ecommerce marketplace; Truth, a one-to-one anonymous messaging app; and Opinit, an app that enables users to create and share emotion-driven content.

We seek Safe Harbor.